MicroSectors FANG+ Index ETN (NYSEARCA:FNGS) Sees Strong Trading Volume – Time to Buy?

Posted by ABMN Staff on Jan 6th, 2025

MicroSectors FANG+ Index ETN (NYSEARCA:FNGS – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 49,644 shares traded hands during trading, a decline of 43% from the previous session’s volume of 87,468 shares.The stock last traded at $59.03 and had previously closed at $58.07.

MicroSectors FANG+ Index ETN Stock Up 1.9 %

The stock’s 50-day moving average price is $55.36 and its 200 day moving average price is $51.16. The firm has a market capitalization of $43.15 billion, a price-to-earnings ratio of 58.44 and a beta of 1.69.

Institutional Trading of MicroSectors FANG+ Index ETN

An institutional investor recently bought a new position in MicroSectors FANG+ Index ETN stock. VitalStone Financial LLC purchased a new stake in MicroSectors FANG+ Index ETN (NYSEARCA:FNGS – Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 662 shares of the company’s stock, valued at approximately $33,000.

MicroSectors FANG+ Index ETN Company Profile

(Get Free Report)

The MicroSectors FANG+ ETN (FNGS) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks an equally-weighted index of US-listed technology and consumer discretionary companies, selected by a committee. FNGS was launched on Nov 15, 2019 and is issued by REX Microsectors.